Shares of Rexford Industrial Realty Inc (NASDAQ:REXR) have received an average rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $28.17.

Several equities analysts have recently weighed in on REXR shares. Jefferies Group LLC restated a “buy” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Rexford Industrial Realty in a report on Sunday, June 25th. Stifel Nicolaus restated a “buy” rating and issued a $30.00 price objective on shares of Rexford Industrial Realty in a report on Friday, July 14th. FBR & Co started coverage on Rexford Industrial Realty in a report on Tuesday, July 11th. They issued a “mkt perform” rating and a $26.00 price objective for the company. National Securities restated a “neutral” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Rexford Industrial Realty in a report on Thursday, May 11th. Finally, Wunderlich restated a “hold” rating and issued a $24.00 price objective (up previously from $22.00) on shares of Rexford Industrial Realty in a report on Tuesday, May 9th.

Shares of Rexford Industrial Realty (NASDAQ REXR) traded down 0.32% on Tuesday, reaching $28.36. The company’s stock had a trading volume of 714,405 shares. The company has a market cap of $2.01 billion and a P/E ratio of 60.73. Rexford Industrial Realty has a 52-week low of $20.05 and a 52-week high of $29.02. The company has a 50 day moving average price of $27.91 and a 200 day moving average price of $25.37.

Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $36.78 million during the quarter, compared to analysts’ expectations of $36.75 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. Rexford Industrial Realty’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 EPS. On average, analysts anticipate that Rexford Industrial Realty will post $0.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 28th.

Institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. acquired a new position in Rexford Industrial Realty during the first quarter worth approximately $1,029,000. Daiwa Securities Group Inc. boosted its position in Rexford Industrial Realty by 51.4% in the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock worth $119,000 after buying an additional 1,800 shares during the last quarter. IndexIQ Advisors LLC boosted its position in Rexford Industrial Realty by 13.5% in the first quarter. IndexIQ Advisors LLC now owns 71,749 shares of the company’s stock worth $1,616,000 after buying an additional 8,536 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Rexford Industrial Realty by 2.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,158 shares of the company’s stock worth $1,445,000 after buying an additional 1,242 shares during the last quarter. Finally, Honeywell International Inc. acquired a new position in Rexford Industrial Realty during the first quarter worth approximately $1,603,000.

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Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Analyst Recommendations for Rexford Industrial Realty (NASDAQ:REXR)

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